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AUD/NZD Trading Recommendation for 3rd August, 2016

We turn bearish below 1.0570 key resistance (graphical resistance + fibonacci resistance + bollinger band resistance) for a drop to 1.0400.

Stochastics (21,5,3) is also turning down signalling a bearish move.

analytics57a1bbd5c80c7.png

Trading Recommendations:

Sell at 1.0570.

Stop loss at 1.0640.

Take profit at 1.0400.

The material has been provided by InstaForex Company - www.instaforex.com